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Category: Insurance

North Carolina Appeals Court Won’t Budge on Intrepid Insurance Name Mix-up

What’s in a name? Enough confusion to sink a subrogation lawsuit and appeal brought by the insurer for a burned-up Hardee’s restaurant, the North Carolina Court of Appeals said Wednesday. “…The trial court properly determined that Intrepid Agency lacked standing Read more…


Six Injured After Truck Crashed Into Building and Pedestrians in Boston

BOSTON (AP) — A box truck crashed into a building Tuesday afternoon in Boston’s Chinatown neighborhood and hit several pedestrians before flipping onto its side, city officials said. The driver and five others were injured in what authorities said appears Read more…


Fire Kills a New York Cat Sanctuary Founder and 100+ Rescued Felines

A fire burned down a cat shelter in suburban New York, killing its founder and more than 100 of the felines he rescued and sparking a rescue operation for dozens of cats still roaming the destroyed property. As many as Read more…


Arthur J. Gallagher & Co. Acquires Brokers in UK and Australia

Arthur J. Gallagher & Co. this week announced two acquisitions – of the UK’s Bircroft Insurance Services and Australia’s Tresidder Insurance Brokers. Financial details of the transactions were not disclosed. London-based Bircroft is a specialist insurance broker providing retail and Read more…


Britain’s Co-op Says Retail Crime Cost it $105 Million in 2024

Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades Read more…


Trump’s DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals

President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental, social and governance policies dropped 34% Read more…


Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo Global Management

The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan akin to a pickup line: “Let’s go beyond business Read more…


Chinese Military Conducts Large-Scale Drills Around Taiwan

The Chinese military conducted large-scale drills in the waters and airspace around Taiwan on Tuesday that included an aircraft carrier battle group, as it again warned the self-ruled democracy against seeking formal independence. The exercises involved navy, air ground and Read more…


Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case

Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023. DWS gave a false Read more…


Severe Storms Batter Greek Islands, With Crete Hit Hardest

Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential downpours. On Monday, Read more…